The Bitbond Token Bb1 Receives ISIN Shortly Before the End of the Offer Period

BERLIN, July 4, 2019 - Germany's first Security Token Offering (STO)​ issued in March by the blockchain company Bitbond​ with a securities prospectus approved by BaFin is entering the home straight. The offer period runs until July 8th, 2019. Since the launch of the Bitbond STO, more than EUR 2 million have been raised. 

This week the Bitbond Token (BB1) was the first crypto token to receive an international securities identification number - ISIN (WKN A2TR7Q, ISIN DE000A2TR7Q2). For many institutional investors, an ISIN is a prerequisite for a security to be investable and tradable. It is used to uniquely identify securities worldwide. 

Bitbond has also concluded cooperation agreements with two renowned crypto exchanges to list the BB1 token for trading. Both exchanges are in preparation to meet the necessary regulatory requirements for listing tokenised securities. Bitbond, together with the two exchanges, will announce the cooperation shortly after all formal legal requirements have been met. 

Investors will receive liquidity directly from the distribution of the BB1 token. Trading will be possible via the so-called Stellar Decentralized Exchange, which can be accessed via the websites stellar x​ and Stellarport, for example. 

Bitbond already regards the token issuance as a great success for the company and Germany as a location for tokenised securities. The Bitbond Token is the first bond issued on a completely new technological platform, the Stellar blockchain. 

With a minimum subscription of EUR 1, the public offering mainly appeals to experienced private investors. More than 1,200 investors have subscribed to the security so far. 

Numerous press articles in Germany and across the globe have highlighted the Bitbond STO as groundbreaking. It is unanimous opinion in the financial services industry that security tokens represent the future in the financial markets and securities sector. 

Beyond the issuance, experienced securities issuers are showing great interest in Bitbond's technology and expertise, inquiring the company to provide securities issuances and token generation “on chain” as a white-label solution. Bitbond is currently evaluating these projects and expects to work with a number of these companies in the future. 

About Bitbond Bitbond is the first global lending platform for small business loans. The company leverages blockchain technology to connect creditworthy borrowers with individual and institutional investors from over 120 countries. BB1 is Germany's first security token offering with a prospectus that is compliant with EU prospectus regulation and is supervised by the German financial regulator BaFin. 

Press contact Radoslav Albrecht [email protected] 

For more information: 

https://www.bitbondsto.com

https://twitter.com/Bitbond

https://t.me/BitbondSTO